A Personal Finance Blog for Malaysian: Motor Car Insurance Gets More Expensive

Tuesday, June 15, 2021

Motor Car Insurance Gets More Expensive

 Why your motor car premium gets more expensive in 2021 than 2020 ?

  • No more tariff (i.e. controlled price)
  • High claim ratio
    • Lots of accident 
  • Can be due to age factor
    • Some insurers assume old age is higher risk while some may consider otherwise


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